Statoil (NYSE:STO) reported that its 2012 second quarter net operating income was NOK 62.0 billion.
As quoted in the press release:
Statoil’s adjusted earnings [8] of NOK 45.8 billion in the second quarter are 5% higher than the same period in 2011, mainly a result of higher gas prices and increased volumes of oil and gas sold.
Statoil’s President and CEO, Helge Lund said:
Statoil continues to deliver good financial results and strong cash generation. We increased oil and gas production by 17% in the second quarter compared to the same period last year. Production in the second quarter was as expected and we maintain our production guidance for 2012.
